NVIDIA Corp (NVDA) Q2 2025 (USD): Adj. EPS 0.68 (exp. 0.64), Revenue 30.04bln (exp. 28.68bln); approved an additional USD 50bln in share buyback and maintained quarterly dividend at 0.01/shr

Revenue Breakdown:

• Data center 26.3bln (exp. 25.08bln).
• Professional Visualization 454mln (exp. 451.1mln).
• Automotive 346mln (exp. 347.9mln).
• Gaming 2.9bln (exp. 2.79bln).

Key Metrics:

• Adj. gross margin 75.7% (exp. 75.5%).
• R&D expenses 3.09bln (exp. 3.08bln).
• Adj. operating expenses 2.79bln (exp. 2.81bln).
• Adj. operating income 19.94bln (exp. 18.85bln).

Guidance:

• For FY, gross margins expected to be in the mid-70% range.
• FY operating expenses expected to grow in the mid- to upper-40% range.
• Q3 revenue view 32.5bln plus or minus 2% (exp. 31.9bln).

Blackwell Commentary:

• Blackwell samples are shipping to partners and customers.
• Hopper demands remains strong and anticipation for Blackwell is incredible.
• Customers continue to accelerate Hopper architecture purchases while gearing up to adopt Blackwell.
• Shipped customer samples of Blackwell architecture in Q2.
• Blackwell is scheduled to begin in Q4 and continue into FY26.
• Hopper demand is strong and shipments expected to increase in H2 FY25.
• Expects to ship several bln dollars Blackwell revenue in Q4.